Midday update for Gold 23-01-2018
Economies.com
2018-01-23 12:00PM UTC
Gold price settles around 1335.00 level since morning, and the price gets continuous positive support by the EMA50, to keep the bullish trend scenario active for today, waiting to visit 1357.50 level as a first station, noting that stochastic current negativity might force the price to provide more sideways trading before resuming the waited rise.
Holding above 1321.40 is important to continue the positive overview, as breaking it will push the price to visit 1299.10 areas initially before any new attempt to rise.
Expected trading range for today is between 1325.00 support and 1350.00 resistance.
Expected trend for today: Bullish
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